Compensation Analyst

A Compensation Analyst in the utilities industry is responsible for designing, implementing, and managing compensation strategies that align with the organizations mission, regulatory requirements, and competitive market conditions. Operating within a shared services environment, this position will support compensation activities across three affiliated companies, ensuring consistency while addressing unique business needs.

Core Responsibilities

• Develop and implement compensation strategies that support organizational goals, ensuring pay practices are competitive, equitable, and aligned with market conditions

• Lead market pricing and compensation benchmarking efforts, utilizing salary surveys and industry data to evaluate and maintain competitive pay structures

• Analyze job duties and responsibilities to determine appropriate compensation levels, job classifications, and job leveling alignment across the organization

• Support and help refine job leveling frameworks, ensuring consistency, internal equity, and clear career progression pathways

• Conduct regular compensation and job audits to ensure data accuracy, internal consistency, and compliance with company policies and regulatory requirements

• Prepare and present compensation reports to leadership, including insights on pay equity, market trends, and actionable recommendations

• Support compensation cycles such as annual merit reviews, promotions, and incentive/spot award programs

• Ensure compliance with federal, state, and local labor laws, including the Fair Labor Standards Act (FLSA)

• Collaborate with HR, finance, and legal teams to integrate compensation strategies into budgeting, forecasting, and policy frameworks

• Maintain and update job descriptions to reflect current duties, responsibilities, and leveling structures

• Manage projects related to compensation analysis, process improvement, and pay-for-performance initiatives

• Operate effectively within a shared services model, delivering standardized yet flexible compensation support to multiple business units/companies

• Utilize HRIS, ATS, and ERP systems to manage employee data, compensation records, reporting, and audit tracking

Skills and Qualifications

• Education: Bachelors degree in Human Resources, Business Administration, Finance, or a related field preferred

• Experience: Minimum 5 years in compensation or HR analytics, preferably within a large organization or regulated industry

• Analytical Skills: Strong experience in data analysis, market pricing, salary modeling, and job leveling methodologies

• Technical Skills: Advanced Microsoft Excel (pivot tables, formulas, modeling); experience with HRIS, ATS, and ERP systems

• Communication: Strong verbal and written communication skills with the ability to present complex data to stakeholders at all levels

• Compliance Knowledge: Solid understanding of compensation regulations, auditing practices, and labor laws

TRC Talent Solutions is proud to be an Equal Opportunity Employer (EOE). All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law. At TRC, we take pride in fulfilling our opportunity to add value to our client's business as their staffing partner, while working tirelessly to connect thousands of individuals each year with work opportunities where they can meet the needs of their families and have the potential to build their careers.